MasterCard and ING Test Hybrid Online and Mobile Payment System

By

Nick Clayton

Nov 8, 2012 7:43 am GMT

MasterCard and the Dutch banking group ING are testing a payments system that takes advantage of the secure element in NFC smartphones, without using the NFC short-range communications technology itself. The trial is based around the MasterCard PayPass app being used in two scenarios: firstly, shopping online with a smartphone, secondly, using a PC or tablet, according to NFC World.

In the first scenario, consumers select the merchandise they want to purchase from the online retailer, select their payment method, provide shipping information and enter their PIN to authenticate the transaction. An EMV-compliant cryptogram is then generated by the secure element and sent directly to the merchant’s payment gateway for processing.

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